SAND Technical Analysis: Sellers Ready To Test $1.50

SAND prices retest the bearish breakout of the $2 psychological mark, bringing a lucrative selling spot. Should you keep holding to surpass the bear trend? Key technical points: SAND prices retest the $2 mark. The MACD lines diverge to regain bullish alignment. The 24-hour trading volume of Sandbox is $425 Million, marking a 20% fall. Past Performance of SAND SAND coin price breaks the psychological barrier of $2 after cracking under the $2.50 support zone with the growth in selling pressure. The recent overnight recovery retests the psychological level breakout and shows a post-retest reversal with the present bearish candle. Source-Tradingview SAND Technical Analysis SAND/USD price chart shows a correction rally breaking under the $2 mark with the next horizontal support level at $1.56. Hence, traders can expect the upcoming bearish trend to deflate the market price by 20% Due to the increased selling pressure, the EMAs crucial for daily trading are poised to reach an alignment in the bearish direction. This indicates a higher likelihood of a 100 and 200-day EMA bearish crossing. Thus, the EMAs are able to achieve an active resistance status as the prices move beneath them. The RSI slope is a sign of a rapid change in the oversold area trying to sustain above the 30% limit, leading to a downtrend. Therefore, the indicator indicates an intense bearish pressure, keeping the increase in bullish reversal under control. It is evi...